Opinion: Fare Hike is the Wrong Approach to MTA’s Financial Woes
“If New York’s city and state leaders truly prioritize a society where social equity as well as environmental sustainability are fundamental values, discussion of subway and bus fare increases would not be on the table. And if the overarching goal is to bring riders back to the nation’s greatest public transit system, why disincentivize them with higher fares?” Adi Talwar The 7 train approaching Junction Boulevard Station in Jackson Heights, Queens. CityViews are readers’ opinions, not those of City Limits. Add your voice today! Metropolitan Transit Authority (MTA) officials recently said they may need to raise subway and bus fares by 5.5 percent in 2023 to shore up the operating budget, which has been drained by a pandemic-induced drop in daily ridership . Fares could go as high as $3 by 2025. Before the pandemic, subway and bus fares accounted for 42 percent of MTA revenue. Now, fares make up just 23 % of the operating budget. The loss in farebox revenue has helped lead